Webinar on-demand: Venezuela, oil supply and the "Donroe doctrine"

What was covered in the webinar:

• Current political situation in Venezuela and its implications for the country’s oil industry.
• Challenges facing Venezuela’s oil sector, including the poor state of physical infrastructure, the need for legal clarity, and the country’s struggling economy.
• Uncertainty surrounding future investment and production levels in Venezuela, with a focus on the practical difficulties that must be addressed before any significant recovery can take place.
• How US Gulf Coast refineries might use Venezuelan crude, with most refineries expected to process it as a small part of their overall intake, leading to adjustments in the types of crude they use.
• Extensive oil reserves in Venezuela, particularly heavy and extra-heavy crude, and the high costs associated with extracting and processing these resources.
• Importance of political stability, legal frameworks, and infrastructure improvements for attracting investment and enabling growth in oil production.

Webinar recorded on 8 January 2026.

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